Altria up after upbeat Q1 results on demand for smoking alternatives
ReutersApr 29, 2025 2:41 PM
Shares of Marlboro maker Altria MO.N up 1.5% at $59.11 in early trade
Co beats estimates for Q1 sales and profit, helped by rising demand for its smoking alternatives, such as on! nicotine pouches and NJOY vapes
However, flags an $873 million impairment at its e-cigarette business, where shipments dropped 70% amid a patent dispute
Co also reiterates its annual adjusted EPS forecast of a 2% to 5% increase, compared with rebased figures for 2024
Up to last close, stock has risen ~11% YTD
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